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Daily Newsletter, Friday, 08/03/2001

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PremierInvestor.net Newsletter          Weekend Edition 08-03-2001
                                                    section 1 of 3
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In section one:

Market Wrap: Just Like That, Things Have Changed
Market Sentiment: Oscillum
Play-of-the-Day: Transocean Sedco Forex - RIG (Bearish)
Watch List: Tractors and Computers and Bulls


------------------------------------------------------------------
U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
        WE 8-3           WE 7-27          WE 7-20          WE 7-13
DOW    10512.78 + 96.11 10416.67 -159.98 10576.65 + 37.59  +286.38
Nasdaq  2066.33 + 36.60  2029.73 +   .36  2029.37 - 55.42  + 80.63
S&P-100  623.65 +  3.39   620.26 -  5.33   625.59 -  1.26  + 13.90
S&P-500 1214.35 +  8.42  1205.93 -  4.92  1210.85 -  4.83  + 25.09
W5000  11242.94 + 76.94 11166.00 - 46.37 11212.37 - 59.55  +212.36
RUT      487.15 +  2.13   485.02 -  2.91   487.93 -  2.78  +  7.45
TRAN    2914.02 +  4.14  2909.88 - 55.78  2965.66 + 25.31  +191.43
VIX       22.39 -  2.34    24.73 -   .24    24.97 +  1.10  -  1.10
Put/Call    .76              .47              .82              
------------------------------------------------------------------

===========
Market Wrap
===========

Just Like That, Things Have Changed by Jeff Bailey

In last weeks market wrap, the headline read, "Very little 
changed over the past week."  My what a difference a week makes 
as the bulls took the ball and marched up the field!  When I 
teach traders and investors about the bullish percent charts and 
how to assess risk in the markets and various sectors, I like to 
use the football field analogy.  Last week the bears had the ball 
and had basically achieved a touchdown when the bullish percent 
reached the 30% level.  When you think of risk/reward, the bears 
had basically gotten their reward.  This week, the bears kicked 
off and the bulls got the ball.  Literally, the bulls took the 
ball from the 26 yard line (26% bullish percent).on the NASDAQ-
100 bullish percent field, and have marched it to midfield at 
51%.  The bulls have been here before and have not been able to 
break through.

In that market wrap on July 27th, I explained in detail the "bull 
alert" condition this indicator can give.  Traders got that 
reversal last Friday to 38% bullish (chart didn't show as data 
had not been processed by editors deadline) and the QQQ had 
closed at $41.95.  As of last night, the bullish percent reading 
for the NASDAQ-100 stood at 51% or right at midfield and the QQQ 
closed at $43.18, up 2.9% for the week.  This morning, the bulls 
looked like they were going to blow it again when the markets 
gapped lower, but just like those plays in football where the 
quarterback trips when he's coming away from center and it looks 
like the play is a total loss, the crowd came to its feet as the 
unknown rookie off the bench perhaps saved the day.  

Subscribers know this rookie.  We introduced you to him Monday 
afternoon in the market wrap.  That's right!  "Dart'n" Disk Drive 
Index (DDX.X) is this week's most valuable player.  At the time 
he was wearing $85, but today he's made the team and wearing $90.  
That's about a 5.8% gain in muscle mass and I don't think its 
reached its optimum weight yet.

Disk Drive Index - last 10 months



There's only so much room to scribble all that can be said about 
a chart.  On Monday, we pointed out those three "bottoms" at the 
$80 level and it sure looked like the MARKET was willing to buy 
and support the group.  Now we're in second gear and looking for 
MACD to provide the "momentum" signal if it can cross above zero.  
I've pointed out two other times on the chart where this index 
has acted similar.  I will note that MACD position along with the 
50-day moving average is more similar to the recent trading found 
in April, than that found in January.  Why do you think that is?  
This is an easy one and will come in handy later this year.  In 
January, we were just getting done with "tax loss selling."  You 
know, all those mutual funds that got creamed along with 
investors that didn't know about how to use stops.  Mutual funds 
that were forced to sell positions at profits to meet 
redemptions, then had to start selling everything on equal 
amounts.  By December, most investors were selling more losers to 
offset taxable gains.  Look at the rally in early January!  Not 
necessarily due to aggressive buying, but simply lack of selling.  
"Everyone" sold in December up to the December deadline.  Some 
waited until the very early part of January to lock in losses 
that they would work off by this year's end.  That's what caused 
the dramatic surge in January.  Oh yeah, the NASDAQ-100 bullish 
percent reading was also "oversold" at 22%.  Hmmmm... bullish 
percent oversold and index near support.  Interesting, very 
interesting.  Maybe investing and trading is all about 
risk/reward!

Speaking of risk reward.  Did anyone initiate a straddle on 
shares of eBay at the open (see 09:00 EST Update)?

eBay Chart - $1 box



Wow!  What the heck is eBay (NASDAQ:EBAY) doing trading higher by 
4.76% when the NASDAQ Composite finished the day down 1%?  Maybe 
this is a "key" stock for the NASDAQ after all.  Why did the 
stock bounce off bullish support like a rifle bullet hitting a 
45-degree slab of iron?  All I can think of is the old saying 
"first test of bullish support is often times a buying 
opportunity."  Keep an eye on this stock, even if you didn't 
trade it today.  This morning we knew that a trade at $66 would 
have this stock back on a buy signal and contributing positively 
to the NASDAQ-100 bullish percent.  The stock traded good volume 
today of 9.4 million shares.  It's a stock that shorts love to 
hate and you can bet there's a boatload of shorts in this stock 
from $50 to $58.  When you look at the above chart you see some 
big moves higher when triple tops and spread triple tops are 
broken to the upside ($56-$66) and then ($57-$71).  One reason 
the triple top and spread triple top patterns are so powerful for 
upside moves is due to the action of an uncertain short.  

As I described this morning, a break below bullish support could 
have seen this stock fall quickly to the $55 level.  I'm guessing 
that's exactly what every short from $60 to $68 was thinking when 
they shorted the stock.  Today, I'd have to say the bulls had 
more upside than they did downside as a bullish trader was 
risking about $2 at the open.  Just as every bear is looking for 
a break of bullish support, every bull in the stock is looking 
for a break above that spread-quadruple top at $69.  Right now 
its a game of chicken and its anybody's guess who is going to 
flinch first.  All a trader had to do this morning was know his 
tollerance for risk, then measure the risk reward in the trade.  
But then, that's what good traders and investors do.  Oh.... did 
you look at ORCL or MSFT charts yet?  You can get them for free 
at www.stockcharts.com.

Thoughts for next week

Today's action in the second half of trading was encouraging for 
bullish thoughts going into next week.  Cisco Systems' 
(NASDAQ:CSCO) earnings are going to be key.  The company hasn't 
warned and won't now.  What is going to be key is what they say 
after earnings are released.  It's what they say about the future 
that will move the markets.

There was every opportunity at the open for everything to cave 
in.  If the market was "super bearish" the Semiconductor Index 
(SOX.X) should have given back a heck of a lot more than the 
measly 2.3% loss today.  The SOX.X was up 9% as of Thursday's 
close, and the week before the SOX.X had made a turnaround from 
the 530 level.  Monday's a new day and anything can happen, but I 
liked the way stocks hung in there.  At least those stocks that 
were showing good technicals to begin with held tough.  Traders 
that continue to try and pick bottoms on stocks hitting 52-week 
lows are trying to guess what stocks are all of a sudden going to 
come into favor.  Sometimes they never do and you can miss an 
entire rally as stocks that have been gaining favor gain more 
favor as institutions reward those stocks that reward them and 
their fund holders.

One group that I though should have really gotten pounded today 
didn't.  That group is the Biotechnology Index (BTK.X).  This 
group just looks sold out, but it also looks to lack interest by 
the market right now.  It's a group I thought for certain might 
be the victim of a bear raid, but again, it wasn't.  I find 
myself asking the question, "if everything is so bearish and this 
rally isn't to last, then why aren't bears really leaning on 
things?"  The BTK.X has been in a four-day downward trend and 
you'd have thought for sure that this group would have been 
singled out and sold.  I call this group my "swing" group as they 
could swing the NASDAQ either way.  Watch a bullish break above 
yesterday's high of 538.03.  Bears had an opportune time to pound 
the BTK.X into the ground, but didn't.  Now it could be the bulls 
turn.  I'm not looking to trade the group right now.  The 
technicals are too tough, but that doesn't mean we can't learn 
something from how it trades.  Risk/reward right now is in favor 
of the bears.  The fact that they didn't act on that risk reward 
has me still leaning bullish on the broader market.

Have a great weekend and get some rest.  I think next week is 
going to be a wild one and you're going to need to be sharp.


=========================
Market Sentiment
=========================

Oscillum by Jeffrey Canavan

While the origins of the word oscillate are unsure, it most 
likely can be traced backed to the Latin word oscillum.  One of 
its first uses comes from a passage in Georgics, where Virgil 
applies the word to a small mask of Bacchus hung from trees to 
move back and forth in the breeze.  The verb has evolved to mean: 
to swing back and forth with a steady, uninterrupted rhythm, or 
to waver, as between conflicting opinions or courses of action; 
vacillate.

Since May 22nd the markets have be vacillating, mostly to the 
downside, and stochastics have done a good job of marking changes 
in short-term opinion.  By rolling over on Friday, the oscillator 
is saying that the short-term opinion has turned bearish.  Since 
the downtrend started in late May, each time the S&P 500's 
stochastic has rolled over from overbought territory an average 
drop of 70 points over 5.5 days has ensued.  The Nasdaq has 
similar statistics, losing an average of 238.5 points over 6.5 
days.

But past performance does not guarantee future results, and 
stochastics do not always swing back and forth in a steady 
uninterrupted motion.  They still tell us that the odds favor a 
lower to neutral market next week, but the situation has improved 
since we started our decline in May.

Nasdaq Composite Daily Chart



In the early part of the decline the Nasdaq was setting lower 
lows, as was the oscillator.  But in the month of July the 
oscillator set a higher low, and the Nasdaq was able to hold at 
support.  This doesn't signal a raging bull market, but perhaps 
the bleeding has stopped.

If we throw in some bullish percent data, the situation looks a 
little better.  In May bullish percent data was overbought, and 
suggesting the risk of going long was high.  Since then bullish 
percent has fallen into oversold territory and reversed up into 
bull alert status, which implies less risk of going long.

But there is still risk, especially with Cisco reporting earnings 
on Tuesday.  The odds of testing recent lows and falling into a 
trading range for the rest of the summer is just as good as 
taking out recent highs.  We could still take out recent lows and 
head even lower, but the market sentiment appears to be neutral 
to higher. 

-----------------------------------------------------------------

Market Volatility

VIX   22.39
VXN   48.47

-----------------------------------------------------------------

          Put/Call Ratio  Call Volume   Put Volume
Total           .76        405,072       308,963
Equity Only     .69        359,900       248,394
OEX            1.57          7,247        11,392
QQQ             .22         75,402        16,455

-----------------------------------------------------------------

Bullish Percent Data

           Current   Change   Status
NYSE          34       -      Bear Confirmed
NASDAQ-100    50       -      Bull Alert
DOW           36       -      Bull Alert
S&P 500       54       -      Bull Confirmed  

Readings above 70 are considered overbought, and readings below 
30 are considered oversold.

Bull Confirmed  - Aggressively long
Bull Alert      - Cautiously long
Bull Correction - pause or pullback in upward trend
Bear Alert      - Take defensive action if long
Bear Confirmed  - High risk if long, good conditions for shorting
Bear Correction - Pause or rebound in downtrend

-----------------------------------------------------------------

10-Day Arms Index  1.22  

Extreme readings above 1.5 are bullish, and readings below .85 
are bearish.  These signals don't occur often and tend be early, 
but when the do, they can signal significant market turning 
points.

-----------------------------------------------------------------

        Advancers     Decliners
NYSE      1456           1583
NASDAQ    1689           1979

        New Highs      New Lows
NYSE      121             21
NASDAQ    100             50

-----------------------------------------------------------------

Advisory Sentiment 

Bullish  Bearish  Correction   Net   Change 
  52.6%    23.7%     23.7%    28.9%   -0.4%

A bearish reading of 25% to 30%, combined with a bullish reading 
greater than 55% is typically considered bearish by contrairians.  
A net percentage greater than 30% is also viewed as bearish. 

-----------------------------------------------------------------

Commitments Of Traders Report: 07/31/01
Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts at the 
Chicago Mercantile Exchange and Chicago Board of Trade. COT data 
can be found at www.cftc.gov.

Small specs are the general trading public with commercials being 
financial institutions. Commercials are historically on the 
correct side of future trend changes while small specs tend 
to be wrong.  

S&P 500
There were no significant changes in the bullish percent data this 
week.

Commercials   Long      Short      Net     % Of OI 
7/17/01      336,836   403,561   (66,725)   ( 9.01%)
7/24/01      317,241   392,146   (74,905)   (10.56%)
7/31/01      335,532   409,352   (73,820)   ( 9.91%)

Most bearish reading of the year: (111,956) - 3/6/01
Most bullish reading of the year: ( 41,144) - 5/1/01

Small Traders Long      Short      Net     % of OI
7/17/01      122,525     50,211   72,314     41.86%
7/24/01      141,372     61,665   79,717     39.26%
7/31/01      129,648     54,552   75,096     40.77%

Most bearish reading of the year:  36,513 - 5/01/01
Most bullish reading of the year:  91,122 - 3/06/01
 
NASDAQ-100
There were no significant changes in the bullish percent data 
this week.
 
Commercials   Long      Short      Net     % of OI 
7/17/01       26,721     37,225   (10,504)  (16.43%)
7/24/01       27,396     39,198   (11,802)  (17.72%)
7/31/01       28,009     39,613   (11,604)  (17.16%)

Most bearish reading of the year: (15,521) - 3/13/01
Most bullish reading of the year:  (1,825) - 1/02/01

Small Traders  Long     Short      Net     % of OI
7/17/01       11,680     8,183    3,497      17.61% 
7/24/01       12,170     7,744    4,426      22.23%
7/31/01       11,216     8,938    2,278      11.30%

Most bearish reading of the year:  (1,028) - 1/02/01
Most bullish reading of the year:   8,460  - 3/13/01

DOW JONES INDUSTRIAL
There were no significant changes in the bullish percent data this 
week.

Commercials   Long      Short      Net     % of OI
7/17/01       14,145    12,963    1,182      4.4%
7/24/01       16,080    12,812    3,268     11.3%
7/31/01       17,748    13,669    4,079     13.0% 

Most bearish reading of the year: (8,322) - 1/16/01
Most bullish reading of the year:  8,925  - 5/22/01

Small Traders  Long      Short     Net     % of OI
7/17/01        5,255     9,144    (3,889)   (27.01%)
7/24/01        5,599     9,526    (3,927)   (25.96%)
7/31/01        5,049     9,079    (4,030)   (28.52%)

Most bearish reading of the year:  (7,572) - 5/08/01
Most bullish reading of the year:   1,909  - 1/16/01
----------------------------------------------------------------- 


=========================
Play-of-the-Day (Bearish)
=========================

Transocean Sedco Forex - RIG Close:$31.02 Gain:-1.58 Stop:$36.50

Original Comments When Selected on July 31st:

Company Description:
This Houston, Texas-based firm is one of the world's largest 
offshore drilling contractors specializing in deepwater drilling. 
The company has over 170 mobile offshore drilling units and a 
fleet which includes 50 semisubmersibles, 58 jackup rigs, and 16 
drillships operating in the world's major offshore oil-producing 
regions. Transocean Sedco Forex also provides well management 
services. The company was formed in 1999 when Transocean Offshore 
merged with Sedco Forex, which had been spun off from 
Schlumberger. It has expanded with the acquisition of competitor 
R&B Falcon.

Fundamentals: 
On Tuesday the company reported strong quarterly earnings but 
warned that that it expects full-year earnings for 2001 and 2002 
to fall short of analysts' estimates.  The company blamed a recent 
downturn in Gulf of Mexico drilling activity and slow recovery 
elsewhere.  "Many of your forecasts are simply too aggressive on 
how fast all this is going to happen," CEO Michael Talbert told 
analysts during the conference call.  In a statement he said, 
"Although additional exploration and production dollars could be 
forthcoming, we are at present witnessing reduced customer 
spending," he added,  "This development is causing utilization and 
day rates for shallow water drilling rigs to decline."  Talbert 
gave guidance that he believes earnings will be at the bottom of 
First Call estimates.  Those estimates call for 2001 earnings from 
$1.02 to $1.50 per share (consensus is $1.28) and the 2002 range 
to be from $2.17 to $3.40 (consensus is $2.91). 

Why We Like It: 
Even at the current consensus estimates RIG shares are expensive. 
They give the company a forward 2001 P/E of 25 as compared to the 
industry average of 14.  Keep in mind; this consensus estimate is 
going to drop as the 26 analysts covering the company revise their 
estimates downward over the next few days.  This should keep solid 
selling pressure on the shares.  Look for a test of the $27.50 to 
$24.00 support range. Given the shares sharp drop on Tuesday, wait 
for a bargain hunter's bounce to present a more advantageous entry 
point.  We will start this play with a stop at $36.50.

Updated Comments:
Transocean met an ocean of selling, and finished down $1.58.  The 
stock started low, and finished lower, suggesting there is still 
some more downside to go.  If fears of Tropical Storm Barry come 
true, it may be even lower.


Picked on July 31st at $32.29
Gain since picked:      +1.27
Earnings Date            N/A





==========
Watch List
==========

Tech Data Corporation - TECD close: 38.74 change: +1.54

WHAT TO WATCH:  Three days ago an analyst from Raymond James trims 
his forecast for the computer distributor and TECD shares have 
jumped $3.39 since.  This is called bullish momentum.  Although the 
shares busted through resistance at $37, it was on low volume and 
this makes us uncomfortable.  Still, a break is a break and if the 
shares can close above $39 with volume somewhere near the 597k 
daily average then we could become believers.  A Point and Figure 
analysis says these shares have an intermediate term shot at $54.




---

Deere & Co. - DE close: 42.22 change: +0.14

Ok, so maybe tractors are not the most glamorous of stocks, but this 
sector is so strong it could win a tractor pull at the county fair.
Our master strategist Jeff Bailey loves this stock and for many of 
us that’s as good as it gets.  Expect to see Deere as one of our 
active plays in the next few days.  The shares are on the verge of 
climbing out of a strong base and we see a price objective north of 
$50 as the likely end point.  Our trigger will be a close above $43
on increasing volume.  





-------------------------
-- Continuing to Watch --
-------------------------

Some stocks on the Watch List will be carried over from one day
to the next if they continue to show potential but have not yet
breached the trigger point.  Some stocks have met our conditions 
for a trigger point but other factors hold us back from making it
a full-time stock pick.

-------------------------


Brocade Communications - BRCD - close: 36.59 change: -1.49

UPDATE:  Like we said on Thursday, shares of BRCD had made
quite a move up from $28 and needed to consolidate.  We're
keeping it on the list because it remains near the top of
its downward channel.  We're going to alter our previous 
comments so that if BRCD can close above $39 it will keep
our attention.  If it closes under $36 we'll drop it as a
potential long play (and maybe look for a potential short
play).

Thursday, August 2nd's write up:

WHAT TO WATCH:  Volume has been average lately but BRCD 
just may have broken out to the upside.  Shares have been
in a descending channel since the middle of May.  Many traders
may feel that shares of BRCD are very overbought from its
recent lows near $28.  However, the renewed hope in tech
stocks may be able to keep the dream alive for BRCD investors.
The stock is trading at or above the top of its channel and
today's trading puts it right on the 50-dma.  Keep your eye
on the $40.75 level where the stock took a serious gap down
in early July.  This will be resistance if you're bullish.




---

Applied Materials - AMAT - close: 49.60 change: -0.40

UPDATE: Not much has changed for shares of AMAT.  If anything,
Friday was merely a pause so bulls could catch their breath.
We're still looking for a close over $50 as a potential trigger
to go long.  If shares close under $48 we'll be concerned that
the rally is over.

Thursday, August 2nd's write up:

WHAT TO WATCH:  If you're still watching the semiconductors or
if you're looking for stocks in that group, keep AMAT on the
list.  The upgrade by Merrill Lynch has helped the stock move
beyond resistance at 47.50.  Now the battle between the bulls
and the bears will continue as it sits at the psychological
level of $50.  If the rally continues, bulls can look for a
close over $50 as a potential trigger.  The stock could rally
to $55 given enough time.  If the stock pulls back, shares 
should find support at 47.50 now.




---

QUALCOMM - QCOM - close: 66.86 change: -1.48

UPDATE: The market wide dip before the weekend has pulled shares
of QCOM back below its 200-dma.  We're going to continue to watch
it on Monday for signs of strength.

Thursday, August 2nd's write up:

WHAT TO WATCH:  Looking for a little more volatility?  An old
tech favorite may be making a move.  Shares of QCOM have been
fighting back from a sub-$50 share price for the last six weeks.
The stock seemed to hit a wall in the $67-$68 level until today.
In the last half-hour of trading buyers were able to push QCOM
up and through the $68 mark and above its 200-dma (67.88).
Aggressive traders may want to look at this as a potential
trigger to go long.  The rest of us will wait to see if shares
can breakthrough more resistance at $71 (established in mid-May).





-------------------
POTENTIAL PLAYS NOW

These Watch List candidates have met yesterday's potential 
triggers and many could be great plays for the active trader
now.  We are going to watch list them for another day to see
if they confirm the move.  Choose your stop wisely if you
proceed to trade them.

-------------------


Compuware Corp. - CPWR - close: 14.50 change: +0.22 

UPDATE: Still looking strong.  The Nasdaq and the GSO may have
traded lower on Friday but CPWR buyers were gunning for a new
52 week high and they got it.  For medium to aggressive traders
this looks pretty good.  More conservative folks should still
be waiting for that next higher close - or you could watch it
and see if it retraces to $14 again and catch the bounce.

Thursday, August 2nd's write up:

WHAT TO WATCH:  Is software ready to move?  The GSO index may
be inching higher but CPWR appears to be breaking out!  The
stock traded through resistance at $14 on very strong volume.
For aggressive traders this is a big green light!  More patient
traders may want to see shares close above $14.50 which has
proved too tough for the stock over the last year.  Once over
14.50 there is no clear resistance until the stock hits $20
from its gap down well over a year ago.  Frankly, the stock
has been basing so long, 14.50 may not mount much of a challenge
for it.




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Do not duplicate or redistribute in any form.

PremierInvestor.net Newsletter          Weekend Edition 08-03-2001
                                                    section 2 of 3
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
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In section two:

Split Trader
  New Play: Woodward Governor - WGOV (Bullish)
  Play Updates: E W Scripps - SSP
  Closed Plays: No closed plays for Split Trader

Net Bulls
  New Play: PanAmSat Corporation - SPOT (Bearish)
  New Long Term Play: Vitesse Semiconductor - VTSS (Bullish)
  Bullish Play Updates: AHAA, CTXS, EMC, MSFT, RFMD
  Bearish Play Updates: No Bearish plays to update
  Closed Plays: No closed plays for NB

Stock Bottom / Active Trader
  New Plays: Gannett Co, Inc. - GCI (Bullish)
  Bullish Play Updates: NKE, RAIL, SGU
  Bearish Play Updates:.CHV, PDII, RIG
  Closed Bullish Plays: GBC Bancorp - GBCB


=================================================================
Split Trader (ST) section
==================================================================

============
ST New Plays
============

  -------------------------
  New Split Candidate Plays
  -------------------------

Woodward Governor - WGOV Close:$78.53 Change:+1.13 Stop:$74.00

Company Description:
Woodward Governor makes fuel control systems and components for 
aircraft engines and industrial controls for industrial engines and 
turbines, the company sells its products primarily to original 
equipment manufacturers such as GE (25-percent of sales). Woodward 
also sells spare and replacement parts for its systems and provides 
repair and overhaul services.  Woodward serves a variety of other 
customers, including the power-generation, oil and gas processing, 
and marine industries.

Fundamentals: 
At its third-quarter earnings report on July 19th, the company 
reported that quarterly profits were lower than in the year ago 
quarter but that sales had increased.  The company reported earnings 
of $1.18 per share. Although at first glance this is lower than the 
$2.32 per share earnings from the previous year, the previous year's 
earnings included one-time gains from the sale of a unit.  Excluding 
those items the company earned $1.00 per share.  Net sales increased 
17-percent.  The company gave guidance that for the 2001 year it 
expects to top last year's sales of $597 million by 10-percent and 
beat last year's earnings by 30-percent.  In addition they expect to 
sustain average annual growth of at least 15-percent over the next 3 
years.

Why We Like It: 
After an extended bullish run that saw the shares run from $25 in 
June of 2000 to $91 on June 7th, the shares began to consolidate in 
the roughly $71 to $87 range.  Most recently the shares bounced off 
of the lower end of that range to string together 5 winning trading 
sessions out of the last six.  A Point and Figure analysis suggests 
the shares have the momentum to make another run at the $87 
resistance level.  Short-term traders can participate in the 
immediate trend with a stop at $74, while longer term investors can 
play the extended Bullish outlook with a stop at $70.

Picked on August 3rd at $78.53
Earnings Date             N/A (Not Confirmed)





===============
ST Play Updates
===============

  -----------------------
  SPLIT CANDIDATE Updates
  -----------------------

E W Scripps - SSP - close: 70.10 change: -0.11 stop: 

News is still quiet on this newspaper/news service/t.v. company.
Shares tried to make a run higher early Friday morning before
dipping down to 69.58 (around 11:00).  At the end of the day
the stock remained above $70.  Active traders can try and shave
off half a point catching any future dips to 69.50 or more
conservative traders can wait for the stock to trade above 
70.50.  Confirm direction on Monday before initiating any new
plays.  For more information see Thursday's new play write up.

Picked on August 2nd @ $  70.21
Gain since picked:      -  0.11
Earnings Date:          7/12/01 





==================================================================
Net Bulls (NB) section
==================================================================

============
NB New Plays
============

  ----------------
  New Bearish Play
  ----------------

PanAmSat Corporation - SPOT Close:$31.58 Change:-0.85 Stop:$34.00

Company Description:
PanAmSat is of the world's largest communications satellite operator,
it covers the world with 20 satellites providing links for 
broadcasters, news organizations, and telecommunications companies 
worldwide. PanAmSat also transmits programming for direct-to-home 
(DTH) TV services, provides technical support for live broadcasts, 
and services private corporate networks using very small aperture 
terminals (VSATs). The company delivers streaming video to Internet 
backbone networks for about 50 international ISPs through its NET/36 
network. General Motors unit Hughes Electronics owns 81-percent of 
PanAmSat.

Fundamentals: 
At it most recent earnings release on July 12th, the company lower 
guidance for revenue and earnings.  The company reduced revenue 
estimates for 2001 from a range of $950 million to $1 billion to 
a range of $825 million to $835 million.   They lowered full year 
earning projections from a range of 12 to 28-cents per share to a 
range of 8 to 14-cents.  Last year, they earned 84-cents per share. 
The company attributed the change in guidance primarily to a 
reduced forecast of approximately $100 million in "sales-type lease 
revenues" for the remainder of 2001.  

Why We Like It: 
Companies that warn have a tough time supporting a valuation that 
includes a forward 2001 P/E of 391.  This has put the shares on a 
bearish slide that has dropped them 16-percent from the session 
high of $37.43 on the day of the warning.  Although the shares tried 
to consolidate around $32.50, a sharp move on Friday to $31.58 on 
solid volume of 564k suggests the bears are not done mauling yet.  
Friday's session low of $31.12 and $31.58 close were the lowest 
since October 2000.  Should this bearish momentum continue we foresee 
a test of $25.  Watch for a close or strong move below $31.44 on 
solid volume to confirm the bearish run.  We will start this play 
with a stop at $34.00.

Picked on August 3rd at $31.58
Earnings Date             N/A (Not Confirmed)



  ------------------
  New Long Term Play
  ------------------

Vitesse Semiconductor - VTSS Close:$31.58 Change:-0.85 

Company Description:
Vitesse is one of the largest manufacturers of high-speed gallium 
arsenide (GaAs) integrated circuits.  Although these are harder to 
make than silicon chips, they run at much  higher speeds.  Vitesse's 
chips are primarily used in communications and automated test 
equipment, with almost 90-percent of sales to makers of high-speed 
communications and networking equipment such as Lucent , Alcatel, 
Cisco, Ericsson, Sun Microsystems, NEC and IBM.  No client accounts 
for more than 10-percent of revenue.  About three-fourths of 
Vitesse's sales are in the US. The company has acquired Orologic 
(data packet processing chips) and SiTera (network processing 
hardware and software).

Fundamentals: 
Analysts forecasts the firm will earn 19-cents per share in the 
fiscal year ending on September 2001 on sales of $466 million.  
They forecast a loss of 15-cents per share on sales of $466 million 
in 2002.  Last year they earned 67-cents per share on sales of $442 
million.  The company has a strong balance sheet with $808 million 
in cash and a debt/capitalization percentage of 19-percent.

Why We Like It: 
Everyone knows that the economic downturn resulted in a depression 
for the semiconductor industry.  Most of the smart money has been 
searching the tea leaves, looking for signs of a bottom in this 
industry and a horse to ride in the subsequent recovery.  For many 
investors, the current earnings season has provided evidence of a 
bottom in the semis, but little evidence of a recovery.  Still, 
prominent analysts from brokerages including Merrill Lynch and Wit 
SoundView are beginning to tell their clients that although 
uncertainty exists (this means risk), they believe a bottom is in 
or near and waiting for hard-evidence of a recovery could mean 
missing out on a stock's appreciation.  

Vitesse is one of the companies that many are looking at for a 
recovery run.  The chipmaker has been diversifying itself with a 
number of new product offerings.  Although sales are still suffering, 
the company has reported that in the last month to six weeks, order 
cancellations and delays have almost halted and the company does 
not expect them to resume.  And whereas inventories for mature 
products will not be fully corrected until the December quarter, 
they believe September is the bottom as new products should create 
new growth by the December quarter.

With this promising outlook and improvements in the current 
business environment; we believe these shares should be attractive 
to the long-term investor, who has tolerance for the inevitable 
dips that will occur until the recovery is firmly in place.  We 
have an intermediate term price target of $30.50 and a 12-month 
target of $39.00.






===============
NB Play Updates
===============

  -----------------------
  NB Bullish Play Updates
  -----------------------

Alpha Ind. - AHAA - close: 39.75 change: -0.61 stop: 37.00 

The market appears to be cooperating with our recent analysis.
The SOX, -15.56 at 641, was overbought and needed a rest.  The
question eager bulls are asking is "Is one day enough?".  The
SOX seem to find some support near 640 but we wouldn't be 
surprised to see it trade down to its 200-dma at 625 or even
620 before bouncing up again.  We just want to make sure it 
stays above that 200-dma.  Shares of AHAA dipped in unison with
the sector but by 2:00 pm buyers stepped in and carried the
stock back up to a quarter short of $40.  If you enjoy using
regression line channels then you should be able to see the
channel that AHAA has been trading in.  The low on Friday was
near the bottom of the channel and this could be a good 
entry point for the next move up.  But before you get to eager,
keep your eyes on the SOX.  If the SOX dips again, AHAA could
dip back to $38 before moving higher.  If it does begin trading
higher again, the top end of the channel is close to $44.
 
Picked on July 24th @ $36.00
Gain since picked:    + 3.75
Earnings Date:         10/17 (not confirmed)




---

Citrix Systems - CTXS - close: 35.88 change: -0.81 stop: 34.00

Nothing big to report for Citrix Systems.  Shares pulled back
after its strong move up from 33.50 to 36.70.  The low on Friday
near 35.50 was probably a good entry point for traders not on
summer vacation.  Volume was light, which is what you're looking
for on a pullback.  If you're playing or want to play CTXS keep
one eye on the software index (GSO.X).  If the GSO can breakout
above the 200 level then CTXS might get enough of a lift to 
clear its old 52 week high and make a new one.  Looking ahead,
shares of CTXS are bound to hit a roadblock near the $40-$41
level.  Between June 9th & 10th, 2000, CTXS suffered a massive
gap down that is bound to have investors just waiting for the
share price to return.  "If only I can get my money back" is 
a powerful obstacle current bulls will have to wade through.

Picked on August 2nd @ $36.69
Gain since picked:     - 0.81
Earnings Date:          07/19 (not confirmed)




---

E M C Corp. - EMC - close: 20.48 change: +0.02 stop: 18.50

Going nowhere fast!  Shares of EMC traded to their low of 
the day (19.67) within the first 10 minutes of trading. 
Fortunately, buyers stepped in and a slow steady climb 
put us back to even (+0.02).  The stock is up a whopping
47 cents for the whole week.  Volume was extremely light
on this summer Friday.  Everyone knows that EMC is the
leader in its group but the message behind Joe Tucci's
comments on Thursday was a little depressing.  Concerned
traders should consider moving their stop up a little 
higher.  The 10-dma at 19.46 should offer some support
so target a more conservative stop there.  We're actually
going to leave ours at 18.50 since we believe that EMC 
could eventually make it to the $24-$25 level and we don't
want to get swung out too early.  Just remember to expect 
some resistance at 22.50 first.

Picked on July 27th @ $20.01
Gain since picked:    + 0.47
Earnings Date:         07/18 




---

Microsoft Corp. - MSFT - close: 66.89 change: -0.56 stop: 64.00

Have we used the word entry point yet?  The behemoth of the 
software landscape dipped slightly taking its lead from the
Nasdaq and NDX who both closed in the red ahead of the weekend.
However, if you're bullish on tech or more specifically bullish
on software then Friday may not have been so bad.  Yes, the
GSO is stuck under resistance at 200 but the index and MSFT
are both inching higher.  MSFT's low on Friday was a nice 
bounce off what bulls hope is new support at $66 which is
supported by the 100-dma.  Buying picked up in the afternoon
helping lift shares off the lows.  If you're looking for a
stronger trigger to go long, consider a close over $67.50.

Picked on August 2nd @ $67.45
Gain since picked:     - 0.56
Earnings Date:          07/19 (confirmed)




---

RF Micro Dev - RFMD - close: 29.96 change: -1.57 stop: 28.50 

Is everyone watching?  Thursday we said that our next potential
entry point would be a bounce at $30.  RFMD is at $30.  Now
all it needs is the bounce.  Much like AHAA, RFMD is sensitive
to the ups and downs of the SOX.  If the SOX dips again, look
for RFMD to potentially drift to $28, which would actually
stop us out.  On the other hand, if RFMD can hang in there, 
a positive move north of $30 could be your trigger to go long
again.  Resistance is at $32.50 and again between $35 & $37.50.
No new news.

Picked on July 26th @ $27.79
Gain since picked:    + 2.17
Earnings Date:         07/17 





==================================================================
Stock Bottom / Active Trader (AT) section
==================================================================

============
AT New Plays
============

  --------------
  New Bullish Plays
  --------------

Gannett Co, Inc. - GCI Close:$68.53 Change:+0.53 Stop:$65.00

Company Description:
Gannett is the largest newspaper publisher in the US with 99 
newspapers sporting a combined circulation of about 7.8 million.  
Its USA TODAY competes with The Wall Street Journal for the first 
place in the US in terms of daily circulation. Gannett also owns 
Newsquest, one of the Great Britain's' largest newspaper groups, 
and is active in broadcasting with 22 TV stations that reach 17-
percent of US homes. The company also operates more than 60 
Internet sites. Gannett went on a buying spree in 2000 with the 
purchase of 21 daily newspapers from Canada's Thomson and the 
acquisition of Arizona Republic publisher Central Newspapers.

Fundamentals: 
Last year, the company earned $3.63 per share on sales of $6.2 
billion.  Analysts forecast the firm will earn $3.46 per share in 
2001 on sales of $6.9 billion and $3.93 on $7.3 billion in 2002.  
This gives the firm a current P/E of 19 and a forward 2001 one of 
19.  Analysts forecast a average 5-year earnings growth rate of 12-
percent.

Why We Like It: 
The stocks of most large newspaper/media chains have been on the 
rise and Gannett is no exception.  The shares have risen steadily 
since hitting $60 on June 15th.  After spending the last two weeks 
consolidating in the roughly $66.50 to $68.00 range, a strong move 
to $68.53 on Friday suggests the shares are ready for the next leg 
up.  The break was confirmed with a spike in volume to 734k shares 
traded from 477k of the previous day.  A Point and Figure analysis 
adds to the Bullish case as the chart shows Fridays' move to have 
produced a positive break out of a bullish triangle pattern.  We 
have a price objective of $77.00, with upside resistance at $70, 
$72 and $75.  We will start this play with a stop at $65.00. 

Picked on August 3rd at $68.53
Earnings Date             N/A (Not Confirmed)





===============
AT Play Updates
===============

  -----------------
  Bullish Play Updates
  -----------------

Nike NKE Close:$50.15 Gain:+0.36 Stop:$47.75

After a mild sell off in the morning, Nike was able to rebound and 
finish in positive territory.  The strong close suggests some more 
upside in the near future, especially if the overall market can turn 
around.

Picked on July 14th at $47.84
Gain since picked:      +2.31
Earnings Date            N/A




===

RailAmerica RAIL Close:$12.97 Gain:+0.06 Stop:$12.00

RAIL only gained six cents today, but continues to hold above support 
at $12.90.  This stock also managed a late day surge, but finished off 
its high for the day.  

Picked on July 14th at $11.41
Gain since picked:      +1.62
Earnings Date            N/A




===

Star Gas Partners SGU Close:$19.99 Gain: -0.30 Stop:$19.50

Star Gas continues to suffer from a poor earnings announcement, recent 
acquisitions, and Tropical Storm Barry, but still remains above our 
stop.  The stock is quickly approaching an oversold condition, and 
managed to close just above yesterdays low.


Picked on July 10th at $21.18
Gain since picked:      -1.19
Earnings Date           8/1/01




  -----------------
  Bearish Play Updates
  -----------------

Chevron CHV Close:$90.68 Gain:-0.37 Stop:$93.00

Chevron sold off, but managed a small rally in the last three 
hours of trading.  The stock has set a lower low for three 
straight days, but is still overbought.  The 200-day moving 
average looks like the next downside target.

Picked on August 2nd at $91.05
Gain since picked:       +0.37
Earnings Date             N/A




===

Professional Detailing PDII Close:$57.65 Gain:+0.31 Stop:$61.65

PDII was subject to bears taking profits on Friday, but the 
outlook for this stock still looks dismal.  The stock only gained 
30 cents today, and finished well off its highs.  PDII may 
consolidate or mount a brief rally for a few days, but the 
outlook is still lower.

Picked on July 20th at $63.12
Gain since picked:      +5.47
Earnings Date            N/A




===

Transocean Sedco Forex RIG Close:$31.02 Gain:-1.58 Stop:$36.50

Transocean met an ocean of selling, and finished down $1.58.  The 
stock started low, and finished lower, suggesting there is still 
some more downside to go.  If fears of Tropical Storm Barry come 
true, it may be even lower.

Picked on July 31st at $32.29
Gain since picked:      +1.27
Earnings Date            N/A




===============
AT Closed Plays
===============

  -----------------
  Closed Bullish Plays
  -----------------

GBC Bancorp GBCB Close:$32.52 Gain:+-1.48 Stop:$32.40 

The Bank Index managed to finish the day in positive 
territory, but GBC Bancorp was unable to participate.  The 
stock kept trying to rally, but too many traders kept 
stepping in to take profits.

Picked on July 27th at $31.10
Gain since picked:      +1.30
Earnings Date            N/A





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PremierInvestor.net Newsletter         Weekend Edition 08-03-2001
                                                   Section 3 of 3
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
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In section three:
Expected/Likely Split Announcements For The Coming Week 

New Split Candidates: Teva Pharmaceutical Industries - TVA 

Market Watch for Week of August 6th
   - Major Earnings
   - Board of Directors Meetings
   - Stock Splits
   - Economic Reports

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)      
  Breakout to Downside (Stocks over $20)      
  Recently Overbought With Bearish Signals (Stocks over $20) 

=================================================================

==================
Split Announcement
==================

=================================================
Expected/Likely Announcements For The Coming Week
=================================================
                                    Date Expected 
Symbol         Company              To Announce*
=================================================
BRL            Barr Laboratories        8/07
ATK            Alliant Techsystems      8/08
====================================================

EXPLANATION:

BRL - Barr Laboratories        

This generic Prozac producer has soared to all-time highs this 
year with the additional support of increasing volume. At the 
current pricey levels it would be surprising if the Company DIDN'T 
announce a stock split, especially when considering the fact that 
the last three splits were declared under levels of $54. The 
downside to this prediction comes from this last week when the 
bears were dominating the stock, but the $80-$90 range still 
stands tough. With 100M shares authorized and 35M outstanding, we 
would expect a 2:1 with the earnings report on Tuesday.



===

ATK - Alliant Techsystems      

Alliant's last stock split was announced last November when shares 
were trading at $89, effectively bringing the number of 
outstanding shares to approximately 14M.  With the current number 
of authorized shares at just 20M, the Board has seen a need to 
increase that total, particularly now that prices are at 
historical split levels again. Shareholders will vote on 8/7 on an 
amendment to increase the authorized shares to 60M, allowing 
plenty of room for more action. Earnings are scheduled for the 
following day so they may choose to announce a split at that time 
considering that earnings was also the trigger event for the 
previous split.



=======================================
New Split Candidates to add to the List
=======================================

Teva Pharmaceutical Industries - TEVA 

We'd like to have Teva back on our radar as it has illustrated 
some strength lately. Last week all the generic pharmaceutical 
companies benefited from some of the big-name drugs losing their 
patent protection; stock prices escalated in kind but then went 
through bit of a correction process. Overall, TEVA shares have 
climbed nearly 20 percent in the last 52 weeks and the Company 
recently boasted a 41 percent increase in second quarter profits. 
Shares also received a boost following rumors on August 2 that 
the company received approval for generic Prozac. As far as 
splits go, the last 2:1 split was announced at $71.88, which is 
right in range of current trading levels. Traders cashed in on a 
nice run with that last announcement, by the way, pocketing about 
five points per share by the execution date.

 



==================================================
Market Watch for the week of June 25th - June 29th
==================================================

  ------------------------
  Major Earnings This Week
  ------------------------

Symbol  Company               Date           Comment      EPS Est   
      
BAB     British Airways       Mon, AUG 6  Before the Bell     N/A 
NNDS    NDS Group plc         Mon, AUG 6  Before the Bell    0.22 
TWTC    Time Warner Telecom   Mon, AUG 6  After the Close   -0.34 
XL      XL Capital            Mon, AUG 6  After the Close    1.25 
AW      Allied Waste Ind      Mon, AUG 6  After the Close    0.22 
CNC     Conseco               Mon, AUG 6  After the Close    0.20 
ETM     Entercom Comm         Mon, AUG 6  After the Close    0.20 
MXO     Maxtor                Mon, AUG 6  After the Close   -0.21 
PRE     PartnerRe             Mon, AUG 6  After the Close    1.12 
PPS     Post Properties       Mon, AUG 6  After the Close    0.90 
QGENF   QIAGEN                Mon, AUG 6  After the Close    0.06 
HBC     HSBC Holdings plc     Mon, AUG 6  ----- n/a -----     N/A 
ICST    Integrated Circuit    Mon, AUG 6  ----- n/a -----    0.12 
MICC    Millicom Intl         Mon, AUG 6  ----- n/a -----   -0.87 
TLTOB   Tele2 AB              Mon, AUG 6  ----- n/a -----     N/A 

BFT     Bally Total Fitness   Tue, AUG 7  Before the Bell    0.62 
BRL     Barr Laboratories     Tue, AUG 7  Before the Bell    0.50 
BP      BP Amoco              Tue, AUG 7  Before the Bell    0.97 
CEPH    Cephalon              Tue, AUG 7  Before the Bell   -0.25 
EXPD    Expeditors Intl       Tue, AUG 7  Before the Bell    0.39 
HSIC    Henry Schein          Tue, AUG 7  Before the Bell    0.47 
MNY     MONY Group            Tue, AUG 7  Before the Bell    0.46 
NVO     Novo-Nordisk          Tue, AUG 7  Before the Bell     N/A 
NYE     Nycomed Amersham      Tue, AUG 7  Before the Bell     N/A 
PG      Procter & Gamble      Tue, AUG 7  Before the Bell    0.59 
SZA     Suiza Foods           Tue, AUG 7  Before the Bell    1.11 
TMPW    TMP Worldwide         Tue, AUG 7  After the Close    0.30 
AMRI    Albany Molecular      Tue, AUG 7  After the Close    0.25 
ACF     AmeriCredit           Tue, AUG 7  After the Close    0.79 
ANEN    Anaren Microwave      Tue, AUG 7  After the Close    0.04 
BLDP    Ballard Power Systems Tue, AUG 7  After the Close   -0.19 
XTRM    Brass Eagle           Tue, AUG 7  After the Close     N/A 
BDAL    Bruker Daltonics      Tue, AUG 7  After the Close    0.02 
CENT    Central Garden&Pet    Tue, AUG 7  After the Close    0.50 
CSCO    Cisco Systems         Tue, AUG 7  After the Close    0.02 
CZN     Citizens Utilities    Tue, AUG 7  After the Close    0.00 
CCU     Clear Channel Comm    Tue, AUG 7  After the Close   -0.28 
EMLX    Emulex                Tue, AUG 7  After the Close    0.10 
KCIN    KPMG Consulting       Tue, AUG 7  After the Close    0.20 
RA      Reckson Associates    Tue, AUG 7  After the Close    0.69 
SRV     Service Corp          Tue, AUG 7  After the Close    0.05 
BID     Sotheby`s Holdings    Tue, AUG 7  ----- n/a -----    0.37 
BROA    Brokat AG             Tue, AUG 7  ----- n/a -----     N/A 
CMH     Clayton Homes         Tue, AUG 7  ----- n/a -----    0.19 
EMR     Emerson Electric      Tue, AUG 7  ----- n/a -----    0.77 
ICCI    Insight Comm          Tue, AUG 7  ----- n/a -----   -0.43 
MET     Metropolitan Life     Tue, AUG 7  ----- n/a -----    0.53 
MX      Metso Corporation     Tue, AUG 7  ----- n/a -----     N/A 
RYAAY   Ryanair Holdings      Tue, AUG 7  ----- n/a -----    0.40 

AET     Aetna                 Wed, AUG 8  09:00 am ET       -0.20 
ATK     Alliant Techsystems   Wed, AUG 8  Before the Bell    1.19 
EAT     Brinker International Wed, AUG 8  Before the Bell    0.41 
EQR     Equity Residential    Wed, AUG 8  Before the Bell    1.31 
LE      Lands` End            Wed, AUG 8  Before the Bell    0.01 
LOR     Loral Space&Comm      Wed, AUG 8  Before the Bell   -0.29 
RL      Polo Ralph Lauren     Wed, AUG 8  Before the Bell    0.30 
PDS     Precision Drilling    Wed, AUG 8  Before the Bell    0.26 
SPG     Simon Property Group  Wed, AUG 8  Before the Bell    0.79 
RMD     ResMed                Wed, AUG 8  After the Close    0.24 
WWCA    Western Wireless      Wed, AUG 8  After the Close   -0.14 
WIN     Winn-Dixie Stores     Wed, AUG 8  After the Close    0.34 
APCS    Alamosa PCS           Wed, AUG 8  After the Close   -0.45 
SLOT    Anchor Gaming         Wed, AUG 8  After the Close    1.07 
MME     Mid Atlantic Medical  Wed, AUG 8  After the Close    0.28 
CUZ     Cousins Properties    Wed, AUG 8  After the Close    0.52 
CCI     Crown Castle Intl     Wed, AUG 8  After the Close   -0.44 
EVC     Entravisions Comm     Wed, AUG 8  After the Close   -0.15 
FCH     FelCor Lodging Trust  Wed, AUG 8  After the Close    0.95 
HC      Hanover Compressor    Wed, AUG 8  After the Close    0.31 
HIW     Highwoods Properties  Wed, AUG 8  After the Close    0.97 
INHL    Inhale Therapeutic    Wed, AUG 8  After the Close   -0.36 
MGA     Magna International   Wed, AUG 8  ----- n/a -----    1.42 
SUG     Southern Union        Wed, AUG 8  ----- n/a -----   -0.22 
WMI     Waste Management      Wed, AUG 8  ----- n/a -----    0.32 
BOX     BOC Group PLC         Wed, AUG 8  ----- n/a -----     N/A 
CLU     Canada Life Financial Wed, AUG 8  ----- n/a -----    0.41 
CED     Canadian Natural      Wed, AUG 8  ----- n/a -----    0.88 
CLX     Clorox                Wed, AUG 8  ----- n/a -----    0.43 
GENU    Genuity Inc.          Wed, AUG 8  ----- n/a -----   -0.32 
IIT     Indonesian Satellite  Wed, AUG 8  ----- n/a -----     N/A 

CVC     Cablevision Systems   Thu, AUG 9  Before the Bell   -0.71 
FST     Forest Oil            Thu, AUG 9  Before the Bell    0.88 
RMG     Rainbow Media Group   Thu, AUG 9  Before the Bell    0.13 
SBAC    SBA Communications    Thu, AUG 9  After the Close   -0.48 
PIXR    Pixar                 Thu, AUG 9  After the Close    0.13 
HLTH    WebMD                 Thu, AUG 9  After the Close   -0.07 
AEG     AEGON N.V.            Thu, AUG 9  ----- n/a -----    0.38 
COLT    COLT Telecom Group    Thu, AUG 9  ----- n/a -----     N/A 
TRMS    Trimeris              Thu, AUG 9  ----- n/a -----   -1.02 
UCU     UtiliCorp United      Thu, AUG 9  ----- n/a -----    0.68 

MCCC    Mediacom              Fri, AUG 10 Before the Bell   -0.33 
WRC     Westport Resources    Fri, AUG 10 2:00 pm ET         0.41 
BRP     Brasil Telecom        Fri, AUG 10 After the Close    0.33 
HCC     HCC Insurance         Fri, AUG 10 ----- n/a -----    0.33 
SPI     Scottish Power        Fri, AUG 10 ----- n/a -----     N/A 
VTR     Ventas                Fri, AUG 10 ----- n/a -----    0.26 

  ------------------------------------
  Board of Director Meetings This Week
  ------------------------------------

Symbol     Company                Date

ELY        Callaway Golf          8/06
DTE        DTE Energy             8/06
FVNB       FVNB Corp              8/06
HNI        HON Industries         8/06
LC         Liberty Corp           8/06

CBE        Cooper Industries      8/07
DP         Diagnostic Products    8/07
DBD        Diebold                8/07
EMR        Emerson Electric       8/07
HBI        Homebase               8/07
KLT        Kansas City Power      8/07
SPC        St. Paul Companies     8/07

ITG        Investment Tech Grp    8/08
KNGT       Knight Transport       8/08
UCU        UtiliCorp United       8/08

AMH        Amerus Life Holding    8/10


  -------------------------------
  Upcoming Stock Splits This Week
  -------------------------------

Symbol  Company Name         Ratio   Payable    Executable
BMET    Biomet                3:2     08/06      08/07
HNBC    Harleysville Nat'l    2:1     08/10      08/13
RSC     REX Stores            3:2     08/10      08/13
COBZ    CoBiz                 3:2     08/13      08/14
DFXI    Direct Focus          3:2     08/13      08/14


  --------------------------
  Economic Reports This Week
  --------------------------

As the Federal Reserve's policy meeting draws near on the 21st,
economic data returns as the primary vehicle for market
direction. Watch Tuesday's preliminary productivity report 
for signs that layoffs might be coming to a close. Friday's 
PPI report will also gain notice as expectations point toward
subdued price pressures.

Date                                Forecast     Previous

Monday, 08/06/01
None


Tuesday, 08/07/01
Productivity-Prel      Q2               1.7%        -1.2%
Consumer Credit        Jun             $8.4B        $6.5B


Wednesday, 08/08/01
Wholesale Inventories  Jun               N/A         0.2%


Thursday, 08/09/01
Initial Claims        8/04               N/A         346K
Export Prices ex-ag    Jul               N/A        -0.2%
Import Prices ex-oil   Jul               N/A        -0.4%


Friday, 08/10/01
PPI                    Jul              -0.2%       -0.4%
Core PPI               Jul               0.1%        0.1%


==================
  Trading Ideas 
==================

This section contains stocks that meet criteria which may make 
them of interest to long and short side traders.  These are not 
recommendations, nor have they been reviewed by PremierInvestor 
editors for investment potential.  However, each of them has 
technical and fundamental characteristics that make them worthy 
of further review by traders and investors looking for fresh ideas. 
New stocks will appear daily following the market close.  

  ---------------------------------
  Value Plays With Bullish Signals
  ---------------------------------

Ticker    Company Name              Close  Change
JAKK     Jakks Pacific Inc          20.95  +1.10
UAG      United Auto Group          18.60  +1.00
GCI      Gannett Co Inc             68.53  +0.53
PNW      Pinnacle West Capital      43.43  +0.68
SEO      Stora Enso Oyi             10.83  +0.54
MBWM     Mercantile Bank Corp       17.91  +0.91

  ---------------------------------------
   Breakout to Upside (Stocks $5 to $20)
  ---------------------------------------

Ticker    Company Name              Close  Change
None

  ---------------------------------------
   Breakout to Upside (Stocks over $20)
  ---------------------------------------

Ticker    Company Name              Close  Change
Ebay      Ebay Inc.                 64.30  +3.50

  -----------------------------------------
   Breakout to Downside (Stocks over $20)
 -------------------------------------------

Ticker    Company Name              Close  Change
SC        Shell Transpot & Trading  47.97  -1.64
RD        Royal Dutch Petroleum     55.49  -1.71
ADP       Automatic Data Processing 46.94  -1.40
CCU       Clear Channel Comm.       57.76  -2.39
CNA       CNA Financial Group       32.65  -1.32
GNTX      Gentex Corp.              30.90  -1.81

  ------------------------------------------------------------
   Recently Overbought With Bearish Signals (Stocks over $20)
  -------------------------------------------------------------

Ticker    Company Name              Close  Change
SC        Shell Transport & Trading 47.97  -1.64
RD        Royal Dutch Petroleum     55.49  -1.71
NDC       National Data Corp        32.93  -0.39
PNY       Piedmont Natural Gas      33.52  -0.33
GMCR      Green Mountain Coffee     33.46  -5.09


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